Argo Blockchain (ARBK) Operating Expenses (2021 - 2025)

Argo Blockchain's (ARBK) quarterly Operating Expenses came in at -$4.1 million in Q2 2025, up 28.94% year-on-year from -$3.2 million in Q2 2024, and down 43.78% quarter-over-quarter from -$2.9 million in Q3 2024.

Argo Blockchain (ARBK) Operating Expenses (2021 - 2025) Analysis & Trends

Argo Blockchain has disclosed Operating Expenses across 5 years of filings, most recently posting -$4.1 million for Q2 2025.

  • Operating Expenses for Q2 2025 came in at -$4.1 million, up 28.94% year-over-year; the trailing twelve-month figure through Dec 2025 was -$7.0 million (up 40.85% YoY), and the FY2025 annual result was $11.0 million, down 11.85% from the prior year.
  • Operating Expenses came in at -$4.1 million for Q2 2025 at Argo Blockchain, down from -$2.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $744101.9 in Q4 2021 to a low of -$21.3 million in Q4 2022.
  • The 5-year median for Operating Expenses is -$4.1 million (2025), against an average of -$6.3 million.
  • Across the five-year window, Operating Expenses plunged 2962.51% in 2022 and surged 73.32% in 2023, its largest moves.
  • Argo Blockchain's Operating Expenses stood at $744101.9 in 2021, then slumped by 2962.51% to -$21.3 million in 2022, then surged by 85.54% to -$3.1 million in 2023, then gained by 6.76% to -$2.9 million in 2024, then plunged by 43.78% to -$4.1 million in 2025.
  • The last three Operating Expenses figures came in at -$4.1 million (Q2 2025), -$2.9 million (Q3 2024), and -$5.8 million (Q2 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 SOL Strategies 103,154.28 Bn 103,154.28 Bn - 386,258.80
2 Morgan Stanley 334.86 Bn 201.33 Bn - 13.47 Bn
3 Goldman Sachs 322.95 Bn -614.60 Bn - 10.43 Bn
4 Schwab Charles 158.90 Bn 113.93 Bn - 3.29 Bn
5 Robinhood Markets 83.76 Bn 79.11 Bn 960.00 Mn 656.00 Mn
6 Interactive Brokers 40.42 Bn 51.01 Bn - 381.00 Mn
7 LPL Financial Holdings 23.70 Bn 22.67 Bn - 4.45 Bn
8 Tradeweb Markets 21.55 Bn 20.30 Bn - 330.51 Mn
9 Iren 19.92 Bn 17.71 Bn 144.76 Mn 81.75 Mn
10 Argo Blockchain 8.34 Bn 8.33 Bn - -

Historic Data

Download Data
DateValue
Jun 30, 2025 -4.13 Mn
Sep 30, 2024 -2.87 Mn
Jun 30, 2024 -5.81 Mn
Mar 31, 2024 -3.15 Mn
Sep 30, 2023 -3.08 Mn
Jun 30, 2023 -7.86 Mn
Mar 31, 2023 -3.56 Mn
Dec 31, 2022 -21.30 Mn
Sep 30, 2022 -11.54 Mn
Jun 30, 2022 -11.65 Mn
Mar 31, 2022 -4.17 Mn
Dec 31, 2021 744,101.86
Jun 30, 2021 -3.20 Mn